conwert Bau-Verein and sell 311 residential units in Hamburg - Pressemeldungen.at (press release)

- Gesamtwohnfl� surface comprises approximately 28,000 square meters
- Vollvermietung ensures a stable cash flows f� the K� � r � ufer
Wien / Hamburg, 30.06.2009. The GAG GrundstÃ� � cksverwaltungs Ltd - a joint venture of the Austrian Ã� � conwert Immobilien Invest SE, and the Bau-Verein zu Hamburg Aktien-Gesellschaft - a residential complex with 311 units in Hamburg Langenhorn sold. The placement was carried out by the alt + KELBER real estate group. The GesamtwohnflÃ� surface of the fully leased property includes approximately 28,000 square meters. Ãr? About the naming of the purchase price was the KÃ� � ufer agreed.
The plant was built by the club from 2006, planned and built, which was completed late 2008. J� � rgen Kelber, Director of conwert Immobilien Invest SE: � � �Aufgrund good Vollvermietung could rent the facility with average rents of 8,60 Euro / sq m can be achieved. This guarantees f� � r � ufer K� the one sustained stable cash flows and other long-term value of the Immobilien.� �
Hans-Ulrich Sutter, Chief of the Construction Association Group: � � �IN the successful implementation of project development, leasing and sales shows that the operating � St� strength and the good management of the Asset Building Vereins.� �
Press inquiries:
conwert Immobilien Invest SE
J� � rgen Kelber - Member of the Gesch� � � ftsf� leading Board
T + 49 / (0) 7131 / 609011 T +49 / (0) 40 / 380 32 300
E juergen.kelber @ altundkelber.de E pr@bau-verein.de
Peter Sidlo, Head of Corporate Communications - Investor Relations
T +43 / 1 / 521 45-250
E sidlo@conwert.at
Bau-Verein zu Hamburg AG
Kirsten Schleicher
Head of Investor & Public Relations
T +49 (0) 40 380 32 300
E pr@bau-verein.de
Released by:
Marcel Wiskow
Media Consultant
Kirchhoff Consult AG
Herrengraben 1
20459 Hamburg
T +49 40 60 91 86 55
F +49 40 60 91 86 16
marcel.wiskow @ kirchhoff.de
www.kirchhoff.de

Property for more security for your age - presse-kostenlos.de (press release)

Property, more security for your age r












































Most read - Top 10




























Home � �Finance and Economy



Property, more security for your age r























BY OLIVER BECHSTEDT










� Property stocks or property monument

Oliver Bechstedt

This question raises many investors, the decision is so easy, because there is really no difference, although the Monument property at first glance appears lucrative.

Each property will be financed heißt you take out a loan at the Bank f� � r the purchase of the property on, whether stock or property monument. For the bank, your lender, it is v� � llig unimportant whether I am an inventory of historical monuments or immovable property. The Bank pr� � ft each real estate investment is equal to the risk of the investment banking perspective. It sees the bank of course also f� � r they "worst case scenario" the total loss of your investment. The heißt for the bank, the property must be used. In a recovery, the purchaser will however not erh� � hten tax depreciation. Basis of the offset erh� � m� � hten tax write-offs are the 7i/7h Sections of the Income Tax Act. These state quite clearly that a tax claim for remediation costs is only possible is if the purchase prior to the renovation took place. In the case of a purchase in the forced sale would � rde the new purchaser then only the normal Abschreibungss� � tze tax claim you can.

F� � r, there is a bank in "Think of your" therefore no difference between a monument or property in the stock assessment, or does it?

Real estate stocks have always compared with a lower purchase price. A monument real estate is always at the booth of a new house, is usually yes kernsaniert, so of course the difference in price to a stock property. Real estate stocks, so yes, the name says, are even a few years ago have been built or rehabilitated, and the technical condition must not be worse.

The risk for the bank in the recovery h� � lt, however, in income compared � borders. Especially in the current situation, all banks are trying their risk as low as possible to keep just means property in the monument that the bank under circumstances � nd additional protections � � ber Verma � existing assets will require the customer to their own risk be minimized.

For existing properties, this bank does something technically different. Here finance banks as well as in the past few years, is still the object and transaction costs, this is good Bonita � t of the customer, also without equity.

With a monument Property you know objectively but only after the expiry of the 10 or 12 years, what you tax advantage to have had. No consultant can tell you exactly at the time of the acquisition of a property vorrechnen. All calculations can write only his predictions. Whether these predictions come from many factors, depending who the buyer often can not influence. Precisely here lies the monument but also a risk of property f� � r the acquirer. If the tax benefits are not so � � ppig as predicted from, you have a clear Finanzierungsl� � cke, you must compensate. That you can certainly sometimes in individual 300 euros in the month.

Of course there are also hierf� � r possibilities of hedging. The ACE Insurance hierf� � r offers a service package, but the power within this package is limited to 12 months within a 5-year period is limited. K� � You can f� � r the next 12 years to say "yes my tax situation will not deteriorate even more by improving career advancement," said the monument is just the right property for you.

Otherwise, you invest in a stock property. This is the tax advantages are not usually about 50 euros a month, a very � � berschaubarer amount.

One thing is for sure an investment in property is always the right decision.

Consider also times when if you want to sell the property. Here you will see quite clearly that a stock property commercially is not as bad as a monument property, as it sometimes seems at first sight has.

Sample

Suppose you acquire a monument property worth 138,000 euros to a m� � Prize of 2,300 euros. The Wohnfl� which amounted � � � gt then 60mA. The tax abzugsf� � eligible rehabilitation costs are 80% of this amount. Thus, an amount of 110,400 euros.

The legislature now gives you the possibility in the context of your Steuererkl� Statement, losses from rental and leasing to argue that a total of over 12 years.

In addition to administrative costs, the costs for the interest expense you can then both the depreciation rate for the "Altsubstanz" as well as the erh� � hte depreciation for the property as a historical monument or object object in a redevelopment area claim.

Let's assume the interest rate is 5% of the purchase price, then one arrives at a figure in H� � he of 6,900 euros, 600 euros plus a flat rate administrative j� � hrliche gives then a sum in H� � he of 7,500 euros zuz� � offset the amount of erh� � hten depreciation.

This amount is included in the present case, then (9% from 110,400 the first 8 years)

Euro 9936, Erga � nzt to 7,500 euros, so overall losses from renting and leasing in H� � he of 17,436 euros.

Further depreciation arises from the depreciation on the so-called Altsubstanz 2% of the purchase price of 10. In the present example, 13,800 X 2% = 276 euro

Thus, a total amount in H� � he of 17,712 euros.

Towards numeracy must leave then the rental income. In places we once 6 Euro / m� �, they produce a rental income in H� � he of 4,320 euros.

This amount is from 17,712 euros to be deducted, so remain then an amount in H� � he of 13,392 euros.

Have you for example, a tax rate of 35% would be � rde the state with a total of 4687.20 euros j� � hrliche to the investments involved. About 8 years then seen with a total amount of 37,497.60 euros.

More then 4 years with a reduced � ßigten rate of 7%. This would � rde under the assumption of the same parameters for administrative costs, interest and rent a loss from letting in H� � he of 15,504 euro (6,900 euro interest expenses, EUR 600 administration, 276 euro depreciation Altsubstanz and 7728 Euro erh� � hte depreciation).

Also here is again the rental income to be deducted, so remain then 11,184 Euros, 35% thereof Personal tax rate to obtain euro 3914.40 j� � hrliche times then 4 years revealed 15,657.60 euros.

About the total duration of 12 years, therefore a tax saving of a total of 53,155 euros.

The state has, therefore, with almost 40% of the costs involved in your property.

With a property portfolio would � rde the bill look like the following.

Also purchase 138,000 euros. This amounted � gt the purchase price per m� � 1,500 euros, it means you get for the price r 92 m� � Wohnfl� surface.

The tax amounted possibility Abschreibungsm� � � gt here 2% j� � hrliche and then over a total period of 50 years.

To be deducted from the purchase price is called the Surface of cksanteil. Pauschalisieren we once with 10% of the purchase price, the result is a calculation base of 120,000 euros. This 2% will be 2,400 euros j� � hrliche.

Interest charges and administrative costs are equal, thus a total of 7,500 euros j� � hrliche, zuz� � resembled those of the Euro 2400 shows a Berag in H� � he of 9,900 euros. Here, too, must return to the rental income will be deducted. Let us here from 5 euros / m� �, it is at 92 m� � in a Jahresmieteinnahme H� � he of Euro 5520, Euro 4380 will remain as a loss from rental and leasing. This 35% result in 1533 euros.

In order to compare the two properties you can we multiply this amount by a factor of 12, results in the comparable period a tax savings of 18,396 euros. Here, the state with approximately 15% of your investments. Considerably less than a monument property.

Now let us consider the sales situation. They want the property after 12 years of selling, have a price in H� � he of 2,600 Euro / m� � in both houses.

The Erla � s at the monument property would then re � 156,000 euros (60 m� � a 2.600 Euro) and the stock property 239,200 euros (92 m� � a 2.600 Euro).

In variant you have a monument Mehrerl� � s H� � he of 18,000 euros zuz� � offset by tax benefits received 51,996 euros, thus a total of approximately 70,000 euros. Toll is not it?

When the stock you have a property Mehrerl� � s of the purchase price in H� � he of 101,200 euros zuz� � possible tax advantage in H� � he of 18,396 euros, making a total of 119,596 euros

The assessment � � I berlasse you.











Press Contact:





Oliver Bechstedt



Oliver Bechstedt



Jordanstraße 1



04177 Leipzig



Contact: Thomas Bremer



Tel: 034149046966



Fax: 034149046969



www.oliver-bechstedt.de






Google Ad:

The big bars of a small village - dth� S� � � ringer Newspapers

Laudenbach - optimistic, they are still in good spirits too. Despite the vessels � hls, a bit to be forgotten, "a



���
������
������
������
���
���
������
���������
������������
��������������� Den Sch� � nsten view of Germany in R� � cken: Rita Bachmann Haß, Schriftf� � hrerin; Steffen Bachmann, chairman, Angela Wolf, cashier, and Stefan burning, Acting Chairman of the village association Laudenbach (lr).
���������������
�
��������������� Image: B� � Sascha hner
���������������

���������������
�����������
���������
������
���

bit verschaukelt "sometimes says Stefan burn." Not so quite intentionally, for HLE is uncommon. "We are holding a minority up here," is Rita Bachmann Haß, but she says it with a L� � cheln. A minority that the absence of other possibilities "for the firing of Stefan K� � che" take m� � sse, erga � nzt Angela Wolf.
There are many places ungem� � tlichere than burning Stefan K� � che. As a club and meeting rooms, it was not really planned, but is used as such, since Stefan burning acting chair in the village club Laudenbach � � bernommen has. "Before we saßen ten years with Steffen Bachmann at home," says Stefan burn. The yet-chairman, who for professional reasons for the next election his office will submit, is one of the initiators of the association: "Steffen Bachmann has had everything in hand," Erza � hlt Stefan burning. At that time, 1998, as based on the village renewal program, a local project was needed, "it was about the tradition and the rural stress." 33 women and men in M� � Laudenbach in November 1998 had spontaneously occurred in the club.
He is also eleven years later does not become smaller - about a lack of members of all ages, k� � nne you do not complain, says Stefan burn. Young people were also active as the elderly, some older ladies � � engaged in special Maße, declare rt Angela Wolf. "Our Golden Girls," says Rita Bachmann Haß, "if we are not h� � tten ...", erga � nzt Stefan burning.
Enough to do it for all. From the organization of a village festival, with which the association has begun work, the organization of social life in the small Laudenbach become. "There was indeed nothing here," says Stefan burn, the last fair was sometime in the 1960s took place. This year alone, but have the people in Laudenbach already met twice to celebrate. The Fr� � hlingsfest with large winter expulsion fire was a large success, Erza � hlt Angela Wolf, M� � nnertags the festival was "so well received that many, even entire families, the whole day left."
What at least a little bit also can write to it, could that Laudenbacher a unique fixed-Gela � nde have - the "village square", f� � r the village association is respon-employed. The village square is surely in the village, but at the H� � � nts dara ber. Strictly speaking, there are even two Pla � tze - can be celebrated with a two way related levels in the mountains. H� � tten stand down as above, water and electricity are being laid flowers and B� � nkchen have a huge tree grouped - all the Gela � nde is visible with carefully maintained and cherished. And above all: "This mad-eye," schwa � RMT Angela Wolf, "the Sch� � nste view of Germany," Stefan is burning. "How little Switzerland", Angela Wolf has already belong � rt vacationers who are "f� � r Sch� � nen this spot" thrilled h� � tten. "You do not travel far to make it Sch� � n to have," she says.
Sch� � n, and to celebrate - the Halloween festival last autumn, have thrilled children and adults. With torches and lanterns were the children from the village to the hill pulled up had marshmallows on an open fire gera � guarantees, Kosta me pr� � � grammed and "our DJ Waldi, which is good with children, has made the music" to gruslig spectacle Erza � hlt Angela Wolf. This year, in subsequent tsommer, the club members want a large harvest festival organizing meetings with smugglers. And the village party, which all started? "Have we in recent years no longer made," says Stefan burning - it was too large for r small village. "A few thousand people," recalls Angela Wolf, were the last of the five three-day festivals are been.
With the smaller parties, the club Full capacity. And: "We k� � mmern us also about the place" - f� � r m� order and cleanliness � sse in place to hire f� � r weddings, bachelor or other private parties will be organized. Even the playground in the village maintain the association. "A great play," says Stefan fuel, f� � r whose care is also very committed Bauhof. The "good wire to Bauhof and firefighters," declare rt he, "can not rate highly enough."
The wire to the community Trusetal, belong to the Laudenbach � rt, is not quite so good. "We do not get the encouragement that we wish," says Angela Wolf. Instead, "we get promises." And although "only promises," says Rita Bachmann Haß. From the outset, declare rt Stefan burning, was the greatest problem of the association was that "we have no space, no Begegnungsst� � tte, not a village house that we have nothing." Pla ne �'ve always played, it was even once a Surface of parcel have been bought for a house for r the village to build. Meanwhile Entertainment h� � tte Trusetal but the town does not want to finance - and we can write it not, a house was f� � r a club project is too large. "So many discussions," says Rita Bachmann Haß had been with the B� � � vessels rgermeister already executed, "has done nothing."
Very gea � rgert, the club members in a council meeting some years ago. Once again we have argued that there is no � � Laudenbach public space there, Erza � hlt Angela Wolf - f� � r no meetings, no elections f� � r, f� � r not meeting. Which a council declare rt, which should Laudenbacher meetings held in their offices. "The Laudenbacher have large offices yet," said the man had recalls Rita Bachmann Haß.
In the big offices k� � nne Although the club meet is Angela Wolf, "but it is not just a question." It was also about that a little Laudenbach remember. In the brochures Trusetal f� � r tourists will not even consider Laudenbach � HNT - and despite skilift Dorfplatz and idyll. And it was a matter that is for the people in Laudenbach, "for the general public really nothing there except a mailbox and a cigarette machine." And, although many young people are not left, but were stable. Many small children, says Rita Bachmann Haß, there is also in the village. H� � tte � � a public space, said Angela Wolf, "k� � could be even a Christmas party for the pensioners do." Or a doctor can write up here could Sprechstunde time a hold. " In the village association would � rde Rita Bachmann Haß Customs like more care to see - "but also Dafa � � r bra contaminated an area".
Some Laudenbacher says Stefan burning, h� � tten "abandoned the faith." The village association not. "We k� � mpfen and hope, we will not get in," says Angela Wolf. "We are patient, very patient," says Rita Bachmann Haß. He was confident that "what will it soon," explains Stefan � rt burning. Strictly speaking, we have it in writing - in a flyer to have the local rgermeister angek� B� � � ndigt that he would be in the new legislature to the desire of the big Laudenbacher k� � mmern - reason enough to remain optimistic. m

Energy Efficient Solutions f� � r modern window - lifepr.de (press release)

������������ Activate your press box:
������������ As Editor you can write their press releases f� � r the journalist Access. Find out about our g� � nstigen conditions.
�������� For the above press release is only the specified editor (see company info) responsible. This is usually also the author of the press text, as well as the angeh� � ngten picture, sound and information materials. The Huber Verlag f�r Neue Medien GmbH � � bernimmt no responsibility for the accuracy or completely � ndigkeit the above message. Even with Übertragungsfehlern St� � or other requirements shall be liable only in cases of willful or gross irregularities Fahrl� �.

The use of this archived information for their own information and editorial processing is usually free of charge. Please kla � ren before re-use copyright issues with the specified editor. For Publications, please send a voucher copy to service@lifepr.de

Systematic storage of such data, and also the use of any part of this database works only with written approval by the Huber Verlag f�r Neue Medien GmbH.

Raffles on Majorca - PresseEcho.de (press release)

(PresseEcho.de) in the small tranquil village of Son Macia S� � � ste dostk� of Mallorca, is an old country house dating from the 18th Verlost.Passend century trend in the current economic situation, are likely to have Eigent� � mer sale after several attempts over several brokers now this way Gewa � hlt.Das nearly 2 million villa \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ "Finca Can Negre \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ "should be in a few months ago his new found Eigent� � mer . The finca is situated on a H� � gel s� � dlich Son Macia and has a breathtaking panoramic view of the K� � stenstreifen from Porto Colom to Porto Christo.Etwas entirely new to the lottery market is the fact that existence is offered. This historic country house has 5 apartments, which has been almost 2 decades are available for rental. There is the possibility of long-term or even the temporal rental. Not uninteresting is the fact that it is actually a crisis safe concept of what a minimum income of at least 50,000 euros, well noted for cost incurred. This fact d� � most likely from this raffle a Selbstl� � ufer make as soon as the draw down has spoken. The Ertragsh� � d� � he likely already well over the average net annual income of most Europeans, he is. Not to forget that the winner also has a 2 million property f� � r say, only 99 can win! Total of 26,499 lots offered at a price of 99 euros. The raffle costs are fully included as well as the fees, taxes and charge fees that are incurred by the ownership change to happen. The new Eigent� � mer has no expenses to be borne by almost 1 year after the Übernahme. Even the travel expenses of the winner to the notary date on Mallorca are already enthalten.Die entire raffle will of Dr. Anke Reisch from Kitzb� � hel and the notary assistierendem � � monitors. On the homepage you will find yourself very good and informative documents. The draw has nothing to save and run a very transparent object representation, which many other raffles? Unfortunately? do not do. It works according to our research a small team of only 7 people from Austria, Spain and the Eigent� � mer themselves and make a pretty good Job.Der withdrawal date was on 05 or 06th Applied in December 2009, it plans a? Nicholas Überraschung? f� � r the Los winner! Conclusion: This raffle is a banger and is probably some eddies in the European Union's lottery market to pay. More info at: www.finca lottery-mallorca.comBegleitung a raffle at Finca MallorcaEnrique

Life insurance: Debt leads to advertising - Valuenet

(Val) The Bundesfinanzhof (BFH) has now about g� a popular financing model in which the K� � ufer Mietimmobilie a builder or borrows the same time by an insurance to be eradicated. � The insurance premiums will also be financed through borrowing. The debt interest loan � ren belong to the advertising, if over the credit contributions � ge f� � r a capital funded life insurance (Az. IX R 62/07). In such a case the insurance policy is part of an overall approach to investment in rented Land, f� � r whose production or purchase loans have been included.
It is the credit for the Mieteink� � popular accommodations regardless of them as deductible expenses, whether he f� � r � insurance premiums or the purchase price of the property is taken. The tax deduction had the expenses or with the Begr� � ndung rejected that endowment policies also cover the risk of death and thus to a certain extent in the field of private Lebensf� � hrung belong � ren and mixed expenses not deductible as expenses are.
The BFH is however expected that foreign-funded insurance � mien with the interest owed for a loan equivalent to r, the r for the purchase of a Surface of cks incurred with the revenue from renting and leasing are to be achieved. The involvement of life insurance is merely an economically possible variant of the borrowing. If the landlord instead of a long-term financing through loans, alternatively f� � r the use of policies, he may thereby k� � rzere reach maturity. It would � rde unverh� choice ltnism� � � � ßig restrictive nken if by reason of the financing rzeren k� � h� � heren time debt interest not realita tsgerecht � � cksichtigt would advise � rden. Therefore, in both cases for F� � abzugsf� eligible expenses, provided that the loan will be used to � nfte with visit from letting to achieve.
Note: The tax Bera � taking account, however, only for the financing costs, interest on the loan for the insurance premiums as current � payment or account for one-off amount. The individual contributions � ge f� � r the capital Lebensversicherung � ren, however, belong to the private Verma � gensbereich borrowers and therefore not to be professional.

Construction decreased by one St� � ck village life - Urner Wochenblatt

Read Message






������
����










� message




[� � CKA Return]











School
Construction decreased by one St� � ck village life
An emotional day for the last time to celebrate the ten Sch� � lerinnen Sch� � ler and their school in the school building. In August, they attend the school district Seedorf. F� � nf teachers losing their job.



For a degree in construction, there is a Tanzauff� � hrung ten Sch� � lerinnen and Sch� � ler. Photo: Martina Regli


On the Schulhausplatz no longer jump around children. The school will remain empty after the summer holidays. The last time the celebrated Sch� � lerinnen and Sch� � ler yesterday, Friday, 3 July, in the school building.

In the smallest municipality Urner makes melancholy wide at this historic day. � �Building loses some of its Dorfleben�," says Schulratspr� � sident Markus Sigrist. � �But we must give ourselves the facts abfinden.»

You've come to see. The numbers of children in the building are falling, an association was established by the amended financing under NFA unumg� � nglich. Despite loss Markus Sigrist trying to see the positives: � �We're just lost the school, but not the Kinder.»

Challenge and opportunity

Former Sch� � lerinnen and Sch� � ler and Bauener Bev� � lkerung did not take yesterday Friday a final time in the school building to celebrate. Markus Sigrist looked at the � � ber 300-j� years of history of the school building back from hand-written testimonies, old class photos, various activities such as visiting a circus, or the inauguration of the multi-purpose hall the 1990th

The schoolchildren were on the B� � hne the multi-Halle Auff� � hrung. � �The last school building here in bera � leads us and the community tief�," said Joseph Arnold, educational and cultural director at his address. He raised several questions: � "Was this decision correct? » or � �What is the future of construction from? » Looking into the future, said Josef Arnold finally: � "The new situation is a big challenge as well as a Chance f� � r Bauen.� �

Teachers lose job

Especially for the five teachers was the completion of specific vessels accompanied � hlen. They all lose their job in construction. � �In particular, f� � r Silvia Tresch, almost 20 years in construction has, this moment is not quite einfach�", explains Markus Sigrist � rt.

F� � r Silvia Tresch was this day fact � chlich something very special: � �I could prepare for this day. But so far I had no time yet to � ber dara nachzudenken.� "They will in the coming school year in Altdorf teach. � "I am really looking forward to my new job in Altdorf.» Four of a total of five teachers have f� � r the coming school year a new office in the canton of Uri found.

On 17 August start the ten Bauener their children to school at the bus stop and ride t� � resembled Seedorf after school in the district. Even once visited children from the building Seedorf school when her school was renovated. � �It was also formerly worked very Guta," remembers Mark Sigrist.

Schulgeb� buildings remains empty

What with the empty Schulgeb� � ude happens is still largely unclear. � "There are already ideas for the use of the R� � umlichkeiten in Rauma," says Markus Sigrist. A use for r the Nature Park or the leasing of the buildings udes f� � r other purposes are just some of the proposals � ge. � �r � Dafa But we are still Zeit�" says Markus Sigrist.

First m� � sse of Education jointly with the council the school inventory away. � "By the end of year, so even the school board enough to tuna," explains Markus Sigrist � rt. He will start the coming school year in the municipality of Seedorf School Building represented d� � rfen.

Martina Regli